Regulators stiffen investor protection expectations in the wake of high-profile crypto failures
Rule changes would extend advisers' obligations to all client assets
Regulators to set new custody and asset segregation requirements
Comprehensive federal framework needed to provide comfort on crypto, Fitch says
The digital assets service responds to demand from institutional investors, the company said
Fidelity Digital Assets was created in the firm’s blockchain incubator
The new name is intended to reflect the independent nature of the expanded clientele the firm serves
The rule amendments address risks that may arise when firms not regulated by IIROC or the MFDA are involved in the custody of client assets
The report also identifies some of the key risks associated with the custody of assets
The transfer of more than 100 funds takes effect on July 23